Thu | Jun 20, 2019

Business

Published:Sunday | June 9, 2019 | 12:20 AM

The moment is fast arriving when Caribbean Governments and business will have to consider the consequences of the tariff wars and sanctions that Washington is now pursuing. Far from reducing its ‘America First’ rhetoric and seeking compromise, the...

Published:Sunday | June 9, 2019 | 12:20 AM

QUESTION: I must first congratulate you on the good work you have been doing to help entrepreneurs in Jamaica through your TV show, on radio, and in the newspaper. I have followed a great deal of your advice from the relationship with my credit...

Published:Sunday | June 9, 2019 | 12:20 AM

QUESTION: We defaulted on significant credit card debt last year (for reasons that, unfortunately, could not be helped). The bank’s attorneys have written to us, informing us that they will take legal action against us if we don’t pay. We do...

Published:Sunday | June 9, 2019 | 12:19 AM

Question: I recently got quotations from three different companies to insure my family home. It has reinforced concrete block walls and a Decramastic tile roof. The house covers an area of 2,800 square feet and is in Kingston 6. The estimated...

Published:Sunday | June 9, 2019 | 12:18 AM

United States (US) stocks moved broadly higher for a fourth consecutive day on Friday as investors look to start June with a strong weekly gain after a downturn in May. Investors bought stocks and bonds after a report showing weaker-than-expected...

Published:Sunday | June 9, 2019 | 12:18 AM

Finance ministers and central bank governors meeting in Japan this weekend will try to make headway on long-standing issues such as how much global giants like Facebook and Amazon should pay in taxes. They’re likely to end up focusing a large share...

Published:Sunday | June 9, 2019 | 12:18 AM

The feared street gangster El Negrito sleeps with a pistol under his pillow and says he’s lost track of his murder count. But despite his hardened demeanour, he’s quick to gripe about how Venezuela’s failing economy is cutting into his profits....

Published:Sunday | June 9, 2019 | 12:13 AMSteven Jackson - Senior Business Reporter

Shares in Sagicor X Fund ticked upwards after the release of its first-quarter results, but dipped following the announcement of a change of auditor. Richard Byles, chairman of the X Fund, indicated that the change in auditors from PwC St Lucia to...

Published:Sunday | June 9, 2019 | 12:13 AM

Kurt Boothe, general manager of Medical Disposables Limited (MDS) said the company is now strategising to strengthen its core operations in the hospital segment. MDS is a distributor of ­healthcare and consumer products, including...

Published:Sunday | June 9, 2019 | 12:11 AMNeville Graham - Business Reporter

Light and power supplier Jamaica Public Service Company (JPS) is in line for a tax break as it follows through on plans to add storage capacity to the national grid. Last week, State Minister in the Ministry of Industry, Commerce, Agriculture and...

Published:Friday | June 7, 2019 | 12:33 AMSteven Jackson - Senior Business Reporter

The price of patties remains in line with inflation throughout a 10-year period, which suggests that a key staple for Jamaicans remains within overall price movements. Inflation is measured by the overall movement in a basket of goods which are...

Published:Friday | June 7, 2019 | 12:32 AM
Published:Friday | June 7, 2019 | 12:31 AM

Federal regulators voted Thursday to give phone companies the right to block unwanted calls without getting customers’ permission first. The Federal Communications Commission’s (FCC) move could make call-blocking widespread and help consumers dodge...

Published:Friday | June 7, 2019 | 12:29 AM

Come mid-July, 150 persons will be out of work in St Thomas as manufacturing conglomerate Seprod turns off the lights at the Golden Grove Sugar Factory. “We just didn’t do a good job and we didn’t achieve what we set out to do,” was the frank...

Published:Friday | June 7, 2019 | 12:28 AM

New tools are coming to fight robocalls, but don’t expect unwanted calls to disappear. Political gridlock could derail bills aimed at beefing up enforcement and forcing phone companies to do more. The companies have been slow to act against such...

Published:Friday | June 7, 2019 | 12:28 AM

For the backdrop to his first official visit to Ireland, President Donald Trump wanted to promote his golf course on the nation’s rocky west coast. The Irish government countered with the grand staging of an ancient castle. In the end, neither side...

Published:Friday | June 7, 2019 | 12:28 AM

Freshman Representative Alexandria Ocasio-Cortez of New York says any plan to adequately address climate change would cost at least $10 trillion. The Democrat is the lead author in the House of the Green New Deal, a plan to dramatically cut the...

Published:Friday | June 7, 2019 | 12:28 AM

Amazon said Wednesday that it plans to use self-driving drones to deliver packages to shoppers’ home in the coming months. The online shopping giant did not give an exact timing or say where the drones will be making deliveries. Amazon said its new...

Published:Friday | June 7, 2019 | 12:27 AM

The Trump administration’s new restrictions on travel to Cuba will hit hardest at the cruise industry, taking away a new and increasingly popular destination at the start of the critical summer vacation season. Major cruise lines immediately...

Published:Friday | June 7, 2019 | 12:27 AM

EduCom Co-operative Credit Union Limited CEO Elvis King disclosed on Tuesday that the community lender undertook more than $900 million in car loans, with funding issued to members who bought 457 cars during 2018. King was following up on comments...

Published:Friday | June 7, 2019 | 12:27 AM

PriceSmart, which operates stores across the Caribbean and Latin America, plans to build a second store in Jamaica to be located in Portmore, St Catherine. The company received a “permit for the construction and operation of office and commercial...

Published:Friday | June 7, 2019 | 12:27 AMAvia Collinder - Business Reporter

Even as members of the tobacco industry continue to warn the Government that existing regulations which mostly impact the legal trade will cut away at revenue earned by the State, the Ministry of Health and Wellness is planning to introduce new...

Published:Friday | June 7, 2019 | 12:26 AMSteven Jackson - Senior Business Reporter

Investors rallied junior market shares higher on the release of March-quarter results this week. Most are generating faster sales and profit than last year. This included Stationery and Office Supplies (SOS), which sells furniture and supplies,...

Published:Friday | June 7, 2019 | 12:26 AM

Sagicor Financial Group, based in Barbados, announced that revenues jumped 80 per cent for its March 2019 first-quarter led by increased activity in the USA and Jamaica, according to an earning update. Shareholders in Sagicor will vote next month...

Published:Friday | June 7, 2019 | 12:26 AM

Shellion Rhoden, business manager of the Falmouth Jamaica Land Company Limited (FJLC), said Monday that occupancy continued to be high, with only six shops out of 60 available for lease at this time. “We are reviewing applications, but we...

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